Storage Depot

Investment Overview

Income Growth Potential – Rents are below market competitors, with additional upside through increasing tenant insurance income, which currently totals only $1,288 annually. Low Maintenance & Overall Operating Expense Ratio – Low property tax environment and ownership has experienced very minimal repairs and maintenance at the property. Remote Management – The property is owned by an out-of-state owner, with a boots-on-the-ground manager already in place for a new owner. BOTG manager does on-site maintenance and lawn care for $375 per month. Stable Local Economic Base – Employment is driven by government, healthcare, and retail, which together account for over 50% of the local workforce. National Retailers Nearby – Located near national retailers including Food Lion, CVS Pharmacy, Pizza Hut, KFC, Wendy’s, Family Dollar, Dollar General, Subway, and others.

Investment Highlights

• Income Growth Potential – Rents are below market competitors, with additional upside through increasing tenant insurance income, which currently totals only $1,288 annually.
• Low Maintenance & Overall Operating Expense Ratio – Low property tax environment and ownership has experienced very minimal repairs and maintenance at the property.
• Remote Management – The property is owned by an out-of-state owner, with a boots-on-the-ground manager already in place for a new owner. BOTG manager does on-site maintenance and lawn care for $375 per month.
• Stable Local Economic Base – Employment is driven by government, healthcare, and retail, which together account for over 50% of the local workforce.
• National Retailers Nearby – Located near national retailers including Food Lion, CVS Pharmacy, Pizza Hut, KFC, Wendy’s, Family Dollar, Dollar General, Subway, and others.